In Thailand, foreigners are not permitted to own land. However, through a usufruct, a foreigner can acquire the right to legally use a plot in Thailand.
A usufruct is an agreement in which the owner gives to another person the right to possess, use and manage his immovable property for a term of up to 30 years or for the lifetime of the usufructuary. This right cannot be transferred or inherit.
Although entering into a usufruct agreement can be made into a straightforward way, foreigners should be aware of certain formalities they should comply with in order to properly secure their rights against any third parties interested to interfere in the possession, and seeking legal advice is highly recommended.
At Antares, our experienced lawyers can provide valuable legal advice and assistance, ensuring that your interests are fully protected. Our professional services include:
If you are considering to enjoy the benefits of a usufruct while in Thailand and you need additional information or assistance, please feel free to contact us. Our experienced lawyers can explain you everything about the use of this right and take care of all the formalities in the most efficient way while complying with the Thai laws and regulations.